Ferrovial SE (NASDAQ:FER) Shares Sold by Banco Santander S.A.

Key Points

• Banco Santander S.A. has reduced its stake in Ferrovial SE by 9.6%, now holding approximately 6.7 million shares, which constitutes 3.3% of its portfolio.
• Ferrovial recently declared a new dividend of $0.3029 per share, an increase from its previous dividend of $0.04.
• Despite various ratings changes from brokerages, including upgrades by BNP Paribas, the average analyst rating for Ferrovial remains a "Hold".

Banco Santander S.A. lowered its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 9.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,675,188 shares of the company's stock after selling 708,014 shares during the period. Ferrovial accounts for 3.3% of Banco Santander S.A.'s portfolio, making the stock its 2nd largest position. Banco Santander S.A. owned 0.90% of Ferrovial worth $299,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in Ferrovial during the 4th quarter worth $25,000. Banque Cantonale Vaudoise bought a new position in shares of Ferrovial during the first quarter worth $150,000. Tower Research Capital LLC TRC bought a new position in shares of Ferrovial during the fourth quarter worth $158,000. Clearbridge Investments LLC bought a new position in shares of Ferrovial during the fourth quarter worth $204,000. Finally, Jane Street Group LLC bought a new position in shares of Ferrovial during the fourth quarter worth $228,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Ferrovial Trading Up 0.2%

Shares of FER stock opened at $51.18 on Friday. Ferrovial SE has a 1 year low of $37.93 and a 1 year high of $56.43. The firm's fifty day moving average price is $52.10 and its two-hundred day moving average price is $47.68.

Ferrovial Increases Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid a $0.3029 dividend. The ex-dividend date was Friday, May 23rd. This is an increase from Ferrovial's previous -- dividend of $0.04.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FER. BNP Paribas raised shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Ferrovial presently has an average rating of "Hold".

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.

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